Credit & Debt Calculators
Credit Card Minimum Payment Calculator
Show what happens when you only pay the minimum: how the payment shrinks, how long the balance lasts and what it costs.
Time to clear paying the minimum
1200 months
- Total interest
- $57,724
- First minimum payment
- $100.00
- Total repaid
- $62,724
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How this calculator works
Minimum = max(balance × minimum %, floor); balance grows by interest each month
- floor
- the smallest payment the issuer will accept
Important considerations
- Minimum payments fall as the balance falls, which is what stretches the term.
- Issuers calculate minimums differently — check your statement.
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- Loan Payment CalculatorMonthly repayment, total interest and the effect of paying extra each month.
Terms used here
Frequently asked questions
Is paying the minimum ever sensible?
Only as a short-term measure. Over any length of time it is one of the most expensive ways to hold debt.
Disclaimer
Legamoney calculators are educational tools. Results are estimates based on the figures you enter and do not constitute financial, tax or legal advice.
Last reviewed 2026-08-01